In recent years, cryptocurrency trading has grown in popularity. It is not unlike normal stock trading in that it is based on the same principles and has the same risks. However, because crypto trading is available 24 hours a day, seven days a week, you must be completely focused on your deals and keep an eye on the charts.
Trading bots are thus created to assist traders to have a more comfortable trading experience! They are generally implemented in the trading market because they are simple to use and do a fantastic job for your portfolio.
In this article, we are going to list some of the best platforms with crypto trading bots in 2023. Without further ado, let’s dive in.
SmithBot is a one-of-a-kind cloud-based cryptocurrency trading software. Its bot engine uses advanced AI algorithms to find the best offers with a high possibility of success 24 hours a day, seven days a week. Aside from that, it offers a straightforward bot ranking, simple bot selection and subscription, excellent security, and a fully automated trading experience.
It has a simple interface, and due to that, it is considered the finest alternative for individuals who are new to trading. Because it is an AI-based platform that constantly monitors the market with its bots, your assets will be traded 24 hours a day, seven days a week. SmithBot features a bot comparison option that helps newcomers by allowing them to select, compare, and rank over 100 bots on the platform.
The risk of losing money is reduced because this one utilizes bots to watch the market and trade. Bots are designed to monitor and detect every chance for profit. You may also be confident that your privacy and data are secure because SmithBot uses the highest encryption on its servers.
Choosing the bot
The first stage in selecting a bot is determining your objectives because each bot behaves differently – some offer instant big profits, which can lead to performance variations.
That is why it is crucial to choose the bot with the lowest overall performance but the most consistent profit growth. As a result, it is advised to distribute funds among several bots with varying behavior patterns. This increases the likelihood of improved overall performance and steady development.
How to use SmithBot?
Due to its easy-to-navigate interface, SmithBot is the perfect choice for novice traders. All you need to do is to pick the plan that fits you the best, create an account on its website, and log in.
Once you log in, the dashboard will immediately appear. The Dashboard consists of three sections:
- My trades: displays all the bots you subscribed
- My exchanges: displays all crypto exchanges and available funds
- My BOT Subscription: displays all those bots you subscribed to and that trade for you
Enter the preferred transaction amount you want to trade, stop-loss limit, and maximum limit after selecting a bot from the list. Now the bot is fully ready to trade for you at the next trading signal.
3Commas is a platform that helps you grow and monetize your crypto portfolio using its features and automated bots that operate on major exchanges! It allows you to manually and automatically trade cryptos, create your parameters that will instruct bots to trade, and you can schedule trades in advance based on triggers utilizing its easy-to-use terminal.
- Simple interface
- Mobile app,
- Gordon and GRID bots,
- Access to Binance Margin, Binance Futures, BitMEX, FTX, and Bybit bots
- Referral program
Coinrule is another simple platform for creating automated trading rules involving bots, highly appropriate for both experienced and inexperienced traders. This one offers a free account option allowing you to try setting demo rules with seven template strategies, and one connected exchange! Once you pick your preferred plan, connect one of the offered exchanges and connect it with your account using API keys.
- 50 Live rules
- Unlimited template strategies
- Unlimited exchanges
- Live notifications
- Dedicated Server
- Free access to the trading community
Pionex is a powerful and affordable tool that offers both beginners and experienced traders free trading bots to help them improve their crypto portfolio with automated trading. Once you register your account with this one, you can jump straight into the action! Access 16 trading bots, set and customize trading strategies, connect your account to one of the leading exchange names such as Binance, and start earning!
- 16 free bots
- Over 120 cryptocurrencies supported
- Mobile app
- Leverage trading
- Low trading fees at 0.05%
Trading bots can be used to automate trading tactics and do crypto analytics on some of the aforementioned sites. However, because of its features, tools, and cost, we believe SmithBot is the optimal option to consider.